Well I went into Myer Bourke St store yesterday .... service ‘issues’ have obviously been addressed .... I was approached by 8 staff from the Bourke st entrance to the other side of the store ? Wow even I will admit that is a big turnaround from what I have experienced in the past
Plenty of people in there spending money, however their colognes are still over priced in comparison to (say) a Chemist Warehouse for the same lines.... the new 50 million points competition was advertised everywhere but again I think they should have made this an ‘in store promotion only’ to increase the foot traffic even further .... Eh it’s a start Myer management ... a long way to go, but IMO a turnaround is achievable with the right tweaks ! I can see why Lew wants to get on the Board - it screams potential with the right initiatives ? A shrewd negotiator at the helm would also remind ‘shopping centre management teams’ that they need the Myer footprint in locations and renegotiate rentals ..... all IMO DYOR etc etc
GLTAH
MYR Price at posting:
37.5¢ Sentiment: Hold Disclosure: Held
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